UK government backs plans for subsea engineering hub in AberdeenChristian Fernsby ▼ | May 4, 2019
The UK government is backing industry plans for a multi-million pound underwater engineering hub in Aberdeen.
Seizing the opportunities in the blue economy will also help the UK’s oil and gas sector diversify and support the UK move away from fossil fuels towards clean growth, the government added.
In the statement on Friday the government emphasized that he UK already has a 40% share of the global market in underwater engineering and is in prime position to capitalize on the industry that could be worth more than £100 billion globally by 2035.
Following this endorsement from the UK government, industry are now encouraged to develop a business case for the hub for the Department for Business, Energy and Industrial Strategy to review. ■